Urea December offer

UREA 46 SPECIAL OFFER
DECEMBER, 2004
THIS OFFER IMMEDIATELY SUBSTITUTES THE NOVEMBER SPECIAL OFFER
Any deal that initiated during November but whose draft contract has not been signed by December 10, 2004 is to be considered under this new offer.
This Special Offer is valid for purchases whose LC/PB is activated during the month of December, 2004
PRICES AND CONDITIONS SUBJECT TO CHANGE WITHOUT NOTICE
In order to benefit from these prices, terms, conditions and procedures must me accepted AS OFFERED.

After the World Price Increases
WE CONTINUE TO BE THE LOWEST IN THE MARKET

Buyer side commissions not included. !Bear this strongly in mind!You have to set the final price with the end buyer or his mandate. I you are a Mandate add 3 usd to the base price.
Specifications, terms and conditions below.

HOW CAN WE OFFER THESE PRICES?

We negotiated to provide small and medium orders the benefit of low prices by standarizing their purchase orders and presenting them all together within a short period of time. Thus, to benefit from this offer, all contracts must be accepted by the buyer and returned on or before December 20, 2004. The whole purchase process, including the activation of the LC and the PB, must occur within the month of December. As this offer has the practical effect of pooling the purchases to get better prices, all orders must have the same terms and conditions. As a result, all orders must conform to the same rules and have the same contract.

You may have your own opinion concerning some particular term or condition. That is all right and we respect that. But you have to make a business decision. If you want the low prices, you must abide by the conditions of the offer. If the conditions are more important to you than prices, you can still buy, but not under this special offers but by an independent order at a much higher price. There are certain non-negotiable items, though in the regular purchases too. You decide and we fully respect your decision. We are willing to service your order either way.

Some people are asking us to provide information regarding the manufacturer. They should not waste their time not ours. You and us have been in the business long enough to know that you never reveal information about the manufacturer. Many people who ask for that do not want to buy from you. Even though the manufacturer will not give them the low price we are offering, because the client would not have contracted for an amount as ours, we cannot foment the circumvention syndrome.

COMMISSION PROTECTION: An irrevocable commitment to instruct the paying bank to remit to the payees listed in the Fee Protection Agreements to the bank coordinates therein described, all entitlements under the pay order by shipment for the entire transaction named therein and extensions, rollovers, or negotiated transactions leading to new contracts by and between Buyer/Buyer Mandate and Seller/Seller Mandate.

SPECIAL OFFER ONLY FOR ORDERS CLOSED DURING DECEMBER 2004

25000 MT minimum order.

ORIGIN: Russian Federation, Ukraine, CIS countries

PAYMENT TERMS : Banking Instrument issued and or confirmed by a top 25 prime Western World bank acceptable to the Seller. Confirmation through a third party bank is at buyers cost. The Letter of Credit will be a fully funded, irrevocable, transferable or non-transferable, divisible, unencumbered, payable 100% at sight Documentary Letter of Credit, payable at the counter of the sellers bank and must be acceptable to the seller to be activated by a 2% Performance Bond activated by the Seller, the LC to be negotiated with shipment documents.
For NON -transferable or transferred LC, add $2 to the base price with no commission or final price limit. In these cases, commissions are paid by the buyer.

REQUIREMENTS: Send LOI/BCL to receive FCO.

NON NEGOTIABLE CONDITIONS: Please check
q LC must be issued or confirmed by a USA bank or a Top 50 World Bank at buyers cost.
q LC to be negotiated without delay with shipping documents.
q Performance Bond shall not exceed 2% of shipment cost in any case.
q Performance bond to be opened after non-operative LC.
q Activation of performance bond activates LC.
q Inspection by SGS or similar at Sellers cost.
No deviations from these policies will be entertained.

Please, initiate the purchase process ONLY if you agree with the non-negotiable conditions.

PROCEDURE :

1. SELLER ISSUE DRAFT CONTRACT IN FAVOR OF THE BUYER
2. BUYER RETURNS THE DRAFT CONTRACT TO THE SELLER, VIA FAX OR EMAIL, DULY SIGNED AND SEALED WITHIN 5 DAYS OF RECEIPT. ALL CHANGES MUST BE MADE AT THE SAME TIME.
3. SELLER REVIEWS AND CONFIRMS ANY CHANGES MADE IN DRAFT CONTRACT, IF AGREED SELLER ISSUES FINAL CONTRACT
4. BUYER RETURNS FINAL CONTRACT TO THE SELLER, VIA FAX OR EMAIL, DULY SIGNED AND SEALED WITHIN 5 DAYS OF RECEIPT. ALONG WITH THE DRAFT CONTRACT THE BUYER WILL SEND THE DRAFT COPY OF THE PROPOSED TEXT OF THE LETTER OF CREDIT FOR SELLERS APPROVAL.
5. BUYERS BANKD SENDS PROOF OF FUNDS TO SELLERS BANK.
6. SELLERS BANKD SENDS PROOF OF PRODUCT AND DRAFT PB TO BUYERS BANKS
7. BUYERS BANK ISSUES NON-OPERATIVE, CONFIRMED LETTER OF CREDIT TO SELLERS BANK
8. SELLER ISSUES NON-OPERATIVE 2% PB IN THE FORM OF A STANDBY LETTER OF GUARANTEE/CREDIT
9. ACTIVATION OF THE PB AUTOMATICALLY ACTIVALES LC.
10. DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLY AGREED.

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